With delay in the revised rates for electricity bills, additional loss of Rs.1000 crores to be incurred!
Posted on: 20/Nov/2014 3:53:34 PM
With the delayed announcement and implementation of the proposed increased in electricity charges, EB is likely to incur an additional loss of over Rs.1000 Crores.
Electricity regulation Board has decided to impose the revised rates before 30th November.
EB has submitted the account data for the current financial year. EB requires Rs. 39092 Crores. However, as per the revenue with current rates for electricity bills, it is 32230 Crores.
There is a shortfall of Rs. 6854 Crores. This will increase the losses further. Hence, the decision to impose the revised rates before 30th November is taken.
In fact, if the revised rates had been implemented earlier, it would have reduced the shortfall to Rs. 3427 Crores.
In the prevailing situation, an additional loss of Rs. 1000 Crores is very likely.
